Missouri unemployment rate declines

The Missouri unemployment rate dropped for the first time in this year. The statistics say that Missouri’s jobless rate was 9.4 percent in April, down from 9.5 percent in March but still higher than the 9.1 percent rate of April 2009. The state’s April rate was lower than the national rate of 9.9 percent, which increased 0.2 percent from the month before. The state’s total work force was 2.67 million in April, an increase of 14,800 from the month before.

It has been observed that there are people who have been gaining jobs while there have been others who have been losing theirs. The state has been trying to woo some of the major employers like IBM into investments in Missouri.

Missouri Department of Labor spokeswoman Amy Suson says the state’s unemployment rate is at nine-point-four percent…..of that percentage 87-thousand Missourians are on second, third and fourth rounds of unemployment benefits.

The unemployment rate of the state has been steady since a few months so it means that the number of people filing for unemployment claims has also been steady. Missouri has been ranked 20th in terms of unemployment in the nation.

According to a just released report from the Missouri Department of Economic Development, the state had its best jobs creation month of the year, adding more than 14,000 jobs in the state and reducing unemployment by one-tenth of a percentage point, to 9.4 percent. Of course, it is not the end of financial crisis but it shows that economy shows signs of recovery.